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tv   Asia Business Report  BBC News  May 1, 2017 1:30am-1:45am BST

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kimjong—un, calling him "a pretty smart cookie." but mr trump said he won't rule out military action against north korea, if the country pursues its nuclear programme, and warned that a conflict with the country could kill millions of people. tributes have been paid to ueli steck, one of the most famous climbers in the world, who's died on mount everest. the 41—year—old is believed to have fallen from a rock—face while spending time acclimatising at altitude. and this story is trending on bbc.com. these deadly tornadoes in the us state of texas. at least three struck the city of canton, killing four people, and causing widespread destruction. winds flipped over cars, snapped trees, and left fallen power lines on roads. that's all from me now. stay with bbc world news. and the top story here in the uk: theresa may has ruled out increasing vat for the next five years if the conservatives win the general election, but refused to say whether she
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will raise other taxes. now on bbc news, all the latest business news live from singapore. thawed relations. japan and china holds direct economic talks for the first time in nearly two years. tea rs first time in nearly two years. tears and disappointment. the impact on indian workers with the new australian visa laws. good morning, asia. hello, world. welcome to another edition of asia business report. it's a monday. it may be may day or labour day were you are, but we know that markets have a lot to digest in the next few days. japan and china are resuming bilateral
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trade talks after two years starting from today. the federal reserve kicks off its two—day meeting. investors will be looking for clues on how many more us rate hikes could be in store this year. that is the same day that tech giant, apple, will give its financial report card. facebook follows the next day. and on thursday, the australian prime minister, malcolm turnbull, meets us president donald trump in new york. what can we expect from this busy week? i asked a guest what he is expecting from japan and china. the relationship between japan expecting from japan and china. the relationship betweenjapan and china at the political level is a very sensitive one. there are deep roots to that and i won't dwell on them. but i think this is symbolic of xi jinping moving to calm things down in the neighbourhood. this is a good
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time forjapan and china to have constructive dialogue on something other than north korea. so, hopefully, you know, it is a positive for the region, and, of course, china being such an important economic engine for the world, hopefully it is a positive for the economy of the region, as well as its politics. let us look at those big technology giants reporting this week. are you more interested in apple or facebook‘s earnings? apple is such an old reliable at this stage in the game that the only thing we can expect is positive surprises, as opposed to those who like to paint doom and gloom for apple. it is a good were cause for investors. facebook is more interesting for me. —— work horse. it gives an indication of what is happening in the world of the internet. facebook is the bellwether for these kinds of relationship based internet stocks.
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and it is the counterpoint to other stocks like twitter and so on who don't have as much substance. it is going to be a colourful week. last week was as well. lots of opportunity for investors if they pay attention. now, australia and the us. we know they are old allies. but there was a famously awkward phone call between donald trump and malcolm turnbull. will be expect the good ties between these countries to continue later this week? so, i think, obviously, underneath the surface of that relationship between the us and australia, it will continue to soldier on, regardless of who is in the leadership position of who is in the leadership position of either country. but i think at the sort of level of public drama, we hopefully will see a gearshift as donald trump has managed in a number of other circumstances so that what was apparently an awkward interchange becoming something more
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ofa interchange becoming something more of a man—to—man friendly relationship. and we have the us federal reserve coming out with interest rates, up or down, or any at all? well, i am hoping that the federal reserve, having played front and centre for everybody over the last few years, becomes more of a sideshow and real economic activity sta rts sideshow and real economic activity starts to drive interest. i won't make a prediction, though we expect a number of rate increases this year. james speaking to me earlier. last week, australia announced sweeping changes to its visa rules, making it much harderfor its skilled workers to come from overseas. it is aimed at prioritising jobs for australia. indians make up nearly a quarter of skilled immigrants, with others being british and filipinos. 8000 visas were granted to them in the last nine months to be how has the move gone down in india?”
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last nine months to be how has the move gone down in india? i really wonder. i cannot believe this has stopped. is there any other possibility out there? it is over. we have invested a lot of time into this. they have to move 200 occupations from the skilled list. those in the pipeline whose cases we re those in the pipeline whose cases were being processed, they suddenly cannot go along any longer. the last two years we have been very focused on going to australia. we started with our skill assessment. we paid
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$3000. we spoke to our families, with our skill assessment. we paid $3000. we spoke to ourfamilies, we said we are finally going. something like this was unexpected. the us is getting tougher on visas as well. people are migrating from the us and uk to canada and australia. people are migrating from the us and uk to canada and australiam people are migrating from the us and uk to canada and australia. it will affect me, i think. me and most of the students in the future. because, if they are changing the rules, they are giving thejob is to australians, not the indians.” worked really hard. i left no stone unturned for this. we have been
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preparing. everything has just become confusing. a personal look at what those visa changes entail. another bit of business news. demand for south korean goods led to a 15% jump. shipments to china jumped 10% compared to a year ago. the mainland is the largest export market for south korea, followed by the us and the eu. and presidentjoko widodo travelled to the hometown of the philippine president, rodrigo duterte, in the philippines. the indonesian leader was there to inaugurate a new shipping lane to boost trade between the two countries. it will reduce shipping time from five weeks to three days. us president donald trump has invited the philippine president to
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washington in a phone call over the weekend. they discussed the threat of north korea and the war on drugs in the philippines. public access to wi reless in the philippines. public access to wireless internet, wi—fi, maybe ubiquitous in many big cities right here in asia. in germany, would you believe it is a different story? public wi—fi is hard to find. there isa public wi—fi is hard to find. there is a legal reason for it. wi—fi owners can be potentially held liable for any illegal activity that occurs on their network. campaigners have been trying to change this and d raft have been trying to change this and draft legislation has been put forward. but that is also facing opposition. we have more from berlin. if you are looking for a morning coffee, there are few better places than berlin's trendy cafes. if you like to check your e—mails while sipping a large hey, you might
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find wi—fi hard to come by. —— latte. a new law means that wi—fi owners could be asked to pay up if it is used by others to download illegal content. i have never heard of anyone being sued for illegal downloads. but to make sure, we have got liability insurance. confusion could be one of the reasons why so many could be one of the reasons why so ma ny cafes could be one of the reasons why so many cafes do not offer wi—fi. german politicians never admits an opportunity to talk up the digital economy of the country. so the fact that cafes like this can lack wi—fi is something of an embarrassment. a new law is moving through german parliament set out to fix this. not all campaigners are happy with legislation. it is a good thing and a bad thing. the good thing is that it tries to review the section about liabilities and states very clearly that under no condition can the
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holder be liable for third—party downloads. but at the same time, the d raft law downloads. but at the same time, the draft law states that you can ask the operator for blocking a certain information that is related to copyright infringement. according to the draft law, you can do that even without a court order. whatever shape the legislation takes, the race is now on to get something passed before the german elections on september. jo miller, bbc news, berlin. a quick look at markets. 0nly australia is open to date. that is it for asia business report. —— today. thank you for watching. the top stories this hour: donald trump says he hasn't ruled out military action against north korea, after saturday's second ballistic missile test in two weeks. the climbing world pays tribute to ueli steck. one of the world's best known
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mountaineers is killed in an accident on mount everest. a new report says best—before dates on food should be scrapped, because they're unnecessary and contribute to mounting levels of food waste. mps on the environment, food and rural affairs committee, say it's a scandal, that £10 billion worth of food is thrown away every year. they say the government and supermarkets need to act. claire marshall reports. mostly mixed in with other waste, we throw more than £10 billion worth of food every year. the committee calls ita food every year. the committee calls it a scandal. councils had to raise bills to dispose of it. and this is happening while food bank use is at a record high. last year, the average household throw away £470 worth of food. those with children, around £700. the average person in the uk, £200. we are all likely to
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have packets with dates on them. and they can be confusing. this is the key one. it is the use by date. it says i should not increase after the third of may because it may not be safe. these have best before dates on them. are can eat this after the fifth, but it mightjust not be at its best. —— i. fifth, but it mightjust not be at its best. -- i. i believe the best before dates can be scrapped. it is unnecessary. it means food is wasted and some will not eat it when it goes beyond the date. and some will not eat it when it goes beyond the datelj and some will not eat it when it goes beyond the date. i always make sure i throw away the food the day before, two days before it is out of date so bring i look at what the product looks like. i will eat it if it looks good. i am a fussy eater. i feel bad sometimes. customers at a pioneering project in leeds restore
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food others have thrown out. three tons arrive every day. this is the founder. we have to stop it. we cannot wait another generation. it is destroying the planet. so much produce is being thrown away. it is nonsense. mps also say we need tougher food waste targets and that we need to learn to love our wonky veg. claire marshall, bbc news. a woman who was shot by police and wounded during a counter—terrorism operation in north—west london last week, has now been arrested after she was discharged from hospital. dorset police have begun a murder investigation, after a man was shot dead at his home in the early hours of the morning. officers had responded to reports of intruders at the property, in st ives near ringwood. the victim, who was in his 60's died in hospital. don't forget you can get in touch with me to discuss any of the stories we've been covering here via twitter. time to tell you what's happening in sport with sport today. hello, this is sport today,
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live from the bbc sport centre. coming up on this programme: chelsea move a step closer to the english premier league title. cool hand and a level head. it's higgins who leads after the first day of the world snooker championship final. taking a stand in sochi, valteri bottas wins the russian grand prix. yes, hello and welcome. chelsea moved another step closer to securing the english premier league title following a 3—0 win over everton, a match which was considered their toughest remaining fixture this season. it didn't look that way as they remain four points clear with four matches remaining. all the goals came in the second half. a moment of magic from pedro to break the deadlock,